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Posts on ‘August 6th, 2004’

AllAfrica.com: Omiyi: Homeboy At Shell

AllAfrica.com: Omiyi: Homeboy At Shell

“The Anglo-Dutch oil firm is reportedly undergoing a far-reaching global reorganisation to strengthen the values of honesty, integrity and respect for people.”

Daily Champion (Lagos)

August 6, 2004

THE appointment of Mr. Basil Omiyi as Managing Director of Shell Petroleum Development Company (SPDC) marks a remarkable turning point in the 67-year old life of the company in Nigeria. The appointment takes effect from September 1, 2004.

The Anglo-Dutch oil firm is reportedly undergoing a far-reaching global reorganisation to strengthen the values of honesty, integrity and respect for people. By Omiyi’s appointment, Shell has finally yielded to a long-standing request from the Nigerian people and the Niger-Delta area in particular, for “increased Nigerian (human) content in the upstream oil sector.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Daily Telegraph: Brokers’ updates: Shell

Daily Telegraph: Brokers’ updates: Shell

Posted 6 August 04

Buy at 384.5p recommends Deutsche Bank (401p this week).

In its recent results the group announced an 11% increase in net income to $4.37 billion, which was slightly ahead of the brokers forecasts. The main drivers of the growth were the return to profitability of the US chemicals division and a better US downstream performance.

The company’s financial performance remains in line with its peers, although the underlying performance is hard to judge. The broker suggests that Shell remains the only deep value restructuring play of the Big 5 in the sector, but remains an investment of longer-term holders. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Delusion at Shell

Daily Telegraph: Dr Rieley is wide of the mark on Shell’s ‘malaise’, writes a reader: the delusion of senior managers that because they had got to the top of Shell, and Shell was huge, they must be brilliant”: “No organisation can have had so many initiatives, change programmes and organisational upheavals.”

Posted 6 August 2004

LETTERS PAGE

I read your article with interest (Plain Talk July 29, Danger of not fixing it when it’s clearly broken).

I spent 20 years working for Shell and I am afraid your diagnosis of Shell’s problem is wide of the mark. Shell managers who are deemed to have potential traditionally have only stayed in a job a maximum of two and a half years. So they don’t have time to suffer from your “malaise”. The temptation is, on coming into a job, to rubbish the previous incumbent’s efforts and set an entirely new course safe in the knowledge that by the time you move on the problems associated with it will not have emerged. Skilled incompetence – which appears to mean a resistance to change – is also not a charge that can be laid at Shell’s door. No organisation can have had so many initiatives, change programmes and organisational upheavals. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Daily Telegraph: Oil price flares as Yukos woes worsen

Daily Telegraph: Oil price flares as Yukos woes worsen

By Malcolm Moore, Economics Correspondent (Filed: 06/08/2004)

A renewed threat to Russian oil company Yukos, which supplies 2pc of the world’s oil, sent prices to record highs in London and New York yesterday.

The price of a barrel of Brent crude for September delivery rose $1.42 to $41.12 in London, while the price gained $1.57 on the New York Mercantile Exchange to $44.40.

On Tuesday, the Russian Justice Ministry told Yukos that while its bank accounts remained frozen in light of a $3.4 billion tax bill, the oil giant could use any new earnings to pay for day-to-day operations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Brunei Shell contributes $500,000 for royal wedding ceremonies

brunei-online.com: Brunei Shell contributes $500,000 for royal wedding ceremonies

“no amount of contributions can justly reflect the importance of preserving the country’s traditional monarchy rule”: *Contribution or bribe to buy favour?

*Comment added by John Donovan

Posted 6 August 2004

By Lyna Mohamad

Pehin Dato Paduka Awang Hj Adanan, left, receiving the mock cheque from Hj Zainal Abidin.

Brunei Shell Petroleum Company Sdn Bhd (BSP), Brunei LNG Sdn Bhd (BLNG), Brunei Shell Tankers Sdn Bhd (BST) and Brunei Shell Marketing Co Sdn Bhd (BSM) have committed $0.5 million for the upcoming ceremonies planned for the royal wedding.

The four joint-venture companies yesterday handed over the contribution for the royal wedding between His Royal Highness the Crown Prince Pengiran Muda Haji Al-Muhtadee Billah and Yang Mulia Dayangku Sarah Pengiran Haji Salleh Ab Rahaman during a special ceremony held at the Centrepoint Hotel in Gadong. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Guardian: Reed says enforced access plan is daft

The Guardian: Reed says enforced access plan is daft

‘Sir Crispin was asked yesterday whether the recent problems at Shell – which, like Reed, has a dual listing in the Netherlands and the UK – had caused it to reconsider its corporate structure. “Please don’t put us in the same category as Shell, he replied’

Richard Wray

Friday August 6, 2004

Sir Crispin Davis, the chief executive of leading academic publisher Reed Elsevier, yesterday branded as “daft” the idea that British universities should have to make publicly funded research freely available to all.

Last month a committee of MPs recommended that academic institutions must put a copy of any article written by staff and based on publicly funded work on their websites. This recommendation for so-called author or institutional self-archiving was seen as a victory for proponents of open access to scientific research. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Times: BASF/Shell to sell chemicals unit for $7bn

Financial Times: BASF/Shell to sell chemicals unit for $7bn

By David Firn, Pharmaceuticals and Chemicals Correspondent

Posted 6 August 04

BASF and Shell will put their Basell petrochemicals joint venture up for sale later this month, in what is expected to be one of the biggest chemicals auctions to date.

Basell, which makes polyolefins the building blocks for many plastics is valued at up to €6bn ($7.2bn). The potential sale of Basell is one of several transactions planned in the oil industry as BP and Total also take advantage of the upturn in commodity chemicals to sell non-core assets. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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